elected financial information for adams company for year 4 follows:sales$ 1,850,000cost of goods sold1,295,000merchandise inventory beginning of year159,000end of year196,000requiredassuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during year 4?
Answers
The merchandise inventory turned over 7.30 times during year 4.
The inventory turnover ratio is the financial ratio which measures how efficiently a company is managing its inventory.
We can use the inventory turnover ratio formula to calculate how many times the merchandise inventory turned over during year 4;
Inventory Turnover Ratio = Cost of Goods Sold/Average Inventory
Average Inventory = (Beginning Inventory + Ending Inventory) / 2
We are given;
Sales = $1,850,000
Cost of Goods Sold = $1,295,000
Beginning Inventory = $159,000
Ending Inventory = $196,000
Average Inventory = ($159,000 + $196,000) / 2 = $177,500
Inventory Turnover Ratio = $1,295,000 / $177,500
= 7.30
Therefore, the merchandise inventory turned over is 7.30 times
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Related Questions
if considering international sourcing alternatives, it is important that the decision makers develop a complete understanding of the costs involved with .
Answers
It is important that the decision makers develop a complete understanding of the costs involved with ensuring compliance with governmental laws, regulations, and even local business customs.
They take sensible decisions after considering all of their options and the repercussions. Your capacity to choose wisely among several options is demonstrated by your decision-making abilities. Making wise selections as a worker can enable you to forward the objectives of your business. You can make wise selections once you apply these abilities to evaluate all the facts at your disposal and identify any prejudice. Making decisions is crucial since it allows you to select from a variety of possibilities.
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what teams are involved in contingency planning and contingency operations? view keyboard shortcuts edit view insert format tools table 12pt paragraph
Answers
Contingency planning and contingency operations typically involve a variety of teams from different areas of an organization, depending on the nature and scope of the contingency. Some of the common teams involved in contingency planning and operations include:
1. Emergency Response Team: This team is responsible for responding to emergency situations as they arise, and may include individuals from various departments such as security, facilities management, and HR.
2. Crisis Management Team: This team is responsible for overseeing the overall response to a crisis or emergency situation, and may include high-level executives, legal counsel, public relations specialists, and other key stakeholders.
3. IT Disaster Recovery Team: This team is responsible for developing and implementing strategies to recover critical IT systems and data in the event of a disaster or system failure.
4. Business Continuity Planning Team: This team is responsible for developing and maintaining business continuity plans that outline how essential business functions will be maintained in the event of a disruption.
5. Risk Management Team: This team is responsible for identifying potential risks that could impact the organization, and developing strategies to mitigate those risks.
6. Supply Chain Management Team: This team is responsible for ensuring a reliable supply chain during an emergency or disaster, and may work with vendors, suppliers, and logistics providers to ensure continuity of operations.
7. Communication Team: This team is responsible for communicating with internal and external stakeholders during a crisis or emergency, and may include PR specialists, social media managers, and customer service representatives.
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Suppose you have some money to invest for simplicity, $1 and are planning to put a fraction w into a stock market mutual find and the rest, 1-w, into a bond mutual fund. Suppose that a $1 invested in a stock fund yields Rs after one year and a $1 invested in a bond fund yields Rb. Rs and Rb are random variables with expected value of 10% and 8% respectively, and standard deviation of 4% and 2% respectively. The correlation between Rs and Rb is 0.70. If you place a fraction w of your money in the stock fund and the rest, 1-w, in the bond fund then the return on your investment will be R = wRs+(1-w)Rb. The risk associated with your investment is measured by the standard deviation.
a) If you decide to invest 40% of your $1 in stock and the rest in bond, then what is the expected return of your investment? What is the associated risk?
b) What share of your $1 money should you invest in the bond in order to expect a 9.2% return on your investment? For that same share invested in the bond, what level of risk is associated with your investment?
c) What share of your $1 money should you invest in stock mutual fund in order for your investment risk to be 3%.
Answers
In this scenario, we have $1 to invest, and we can allocate a fraction w into a stock mutual fund and the rest, 1-w, into a bond mutual fund. The expected return of the stock fund is 10% with a standard deviation of 4%, while the bond fund has an expected return of 8% with a standard deviation of 2%. The correlation between the returns of the two funds is 0.70. The expected return and risk associated with different investment allocations is 2.64% & 38%
a) If we invest 40% of our $1 in the stock fund and the remaining 60% in the bond fund, the expected return of our investment can be calculated as:
Expected Return = w * Rs + (1 - w) * Rb = 0.4 * 10% + 0.6 * 8% = 9.2%
The associated risk, measured by the standard deviation, can be calculated using the formula:
Risk = sqrt(w^2 * std(Rs)^2 + (1 - w)^2 * std(Rb)^2 + 2 * w * (1 - w) * corr(Rs, Rb) * std(Rs) * std(Rb))
= sqrt(0.4^2 * 0.04^2 + 0.6^2 * 0.02^2 + 2 * 0.4 * 0.6 * 0.70 * 0.04 * 0.02) = 0.0264 or 2.64%
b) To expect a 9.2% return on our investment, we need to determine the allocation in the bond fund. Let's denote the fraction invested in the bond fund as x. The expected return equation becomes:
0.4 * 10% + (1 - 0.4) * 8% = 0.092
Simplifying the equation gives: 0.6 * 8% = 0.092 - 0.4 * 10%
Solving for x, we find x ≈ 0.38 or 38%. Therefore, we should invest approximately 38% of our money in the bond fund to expect a 9.2% return.
For this same allocation in the bond fund, the level of risk can be calculated using the same risk formula as in part (a):
Risk = sqrt(0.4^2 * 0.04^2 + 0.6^2 * 0.02^2 + 2 * 0.4 * 0.6 * 0.70 * 0.04 * 0.02) = 0.0264 or 2.64%.
c) To achieve an investment risk of 3%, we need to find the allocation in the stock fund. Let's denote the fraction invested in the stock fund as y. The risk equation becomes:
sqrt(y^2 * 0.04^2 + (1 - y)^2 * 0.02^2 + 2 * y * (1 - y) * 0.70 * 0.04 * 0.02) = 0.03
Simplifying the equation and solving for y gives y ≈ 0.26 or 26%. Therefore, we should invest approximately 26% of our money in the stock fund to achieve a 3% investment risk.
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the quartering of troops during peacetime and wartime is the subject of the ninth amendment.
Answers
It is not accurate to state that the quartering of troops during peacetime and wartime is the subject of the Ninth Amendment. Instead, the Ninth Amendment protects other rights not explicitly listed in the Constitution, while the Third Amendment specifically addresses the issue of quartering soldiers.
The Ninth Amendment to the United States Constitution states that The enumeration in the Constitution, of certain rights, shall not be construed to deny or disparage others retained by the people."" This amendment is often referred to as the ""Non-Enumerated Rights"" amendment because it protects rights not specifically listed in the Constitution.
While the Constitution does address the issue of quartering of troops, it does so in a different amendment. The Third Amendment states that ""No Soldier shall, in time of peace be quartered in any house, without the consent of the Owner, nor in time of war, but in a manner to be prescribed by law."" This amendment was added in response to the Quartering Acts passed by the British Parliament in the 18th century, which required colonists to provide housing and supplies for British soldiers.
The Third Amendment is a specific provision that prohibits the government from forcing homeowners to quarter or house soldiers in their homes during peacetime without their consent. It also provides guidelines for quartering soldiers during wartime. The Ninth Amendment, on the other hand, is a broader provision that protects rights not specifically listed in the Constitution.
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You have savings of $157,000. After talking it over with your spouse, you agree to risk no more than 30% on your new business idea. How much do you have to invest in the business?
Answers
Answer:
$47,100
Explanation:
The amount to be invested is not more than 30 % of $157,000
=30% x $157,000
=30/100 x $157,000
=0.3 x $157,000
=$47,100
Answer:
$47,100
Explanation:
It's said to amount to be invested is no more than 30 % of $157,000 so
30% x $157,000
30/100 x $157,000
0.3 x $157,000
equals $47,100
Research the consumer services industries in United States. Choose any one of the consumer services companies and write an essay of about 500 words on how a diverse economy such as the United States can satisfy the needs of its consumers. Consider different cultures and languages, services offered to lower socioeconomic populations, or services offered to disabled consumers or women. Also analyze the challenges faced by the consumer service industry.
Answers
During the recession and several years after, the housing sector suffered immeasurably. Businesses in the sector declared bankruptcy, unable to retain demand for their services. Fortunately, as demand for housing has slowly started to trend upward and consumer incomes have expanded, demand for home services has also recovered. The Landscaping Services industry is estimated to grow at an annualized rate of 1.3% to $70.6 billion in the five years to 2013. Operators in this industry are currently enjoying an estimated 6.0% profit margin and face a rosy outlook. Continuous recovery in the construction sector and in consumers’ wallets will underpin the industry’s forecast growth of 5.9% in the next five years.
1. A firm has \( \$ 925 \) in inventory, \( \$ 1,290 \) in fixed assets, \( \$ 654 \) in accounts receivable, \( \$ 258 \) in net working capital, and \( \$ 150 \) in cash. What is the amount of curre
Answers
The amount of current assets in this firm is $1729.
In this case, the current assets consist of cash, accounts receivable, and inventory. These assets are considered current because they are expected to be converted into cash or used up within a year. It is important for a firm to have a sufficient amount of current assets to meet its short-term obligations and maintain its operations smoothly.
To find the amount of current assets, we need to add up the cash, accounts receivable, and inventory.
The given information states that the firm has $150 in cash, $654 in accounts receivable, and $925 in inventory.
To calculate the amount of current assets, we add these three amounts together:
$150 (cash) + $654 (accounts receivable) + $925 (inventory) = $1729
Therefore, the amount of current assets is $1729.
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Which feature of an economic union differentiates it from a common market?
Answers
The feature of an economic union that differentiates it from a common market is the establishment of a common currency and monetary policy.
A common market is an agreement between countries in which they remove trade barriers, such as tariffs and quotas, and allow the free movement of goods, services, and factors of production between them. In a common market, countries may have different currencies and monetary policies. In contrast, an economic union goes beyond a common market by establishing a common currency and monetary policy among the member countries. This means that the member countries share a single currency and have a common central bank that is responsible for setting monetary policy, such as interest rates and inflation targets.
An example of an economic union is the European Union, which has established the euro as its common currency and the European Central Bank as its central bank. The establishment of a common currency and monetary policy can create deeper economic integration among member countries and promote greater economic efficiency, but it also requires a high degree of coordination and cooperation among them.
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Colin has a goal of having CD worth $5,000 in 5 years. How much does he need to invest now in CD earning 4% compound interest to reach his goal?
Answers
Answer:
$4,110
Explanation:
The applicable formula is
A= P( 1 + r)^n
In this case
A is the amount after five years = $5000
P= principal amount = ???
r= interest rate =4%
n = five years
$5000 = p( 1+ 0.04)^5
$5000=p(1.004)^5
$5000= p1.21665
P=$5000/1.21665290
P=4,109.64
Principal amount=$4,110
The US Senate has approved approximately how many treaties?
O 2.500
O 1,500
O 2,000
O 1.000
Answers
Answer:
2500
Explanation:
The United States Senate has approved approximately 2500 treaties. This assertion is based on the statistics that fifty years after the United States independence, the US Senate has only approved 60 treaties. By the period World War II began in 1939, the US Senate has approved another 800 treaties. Also, between 1940 to 1989, the United States Senate has approved an additional 759 treaties. And between 1989 to this moment, the United States Senate has reportedly approved 890 treaties.
Hence, summing all of them together, we have 60 plus 800, plus 759, plus 890, making it 2509 treaties. That is approximately 2500 treaties.
Answer:
B. 1,500
Explanation:
It’s on the passage
The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
Answers
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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Define one key area of your daily life that would benefit if you learned to communicate better. Explain in detail how that key area would improve with better communication.
Answers
Answer:
if I learned to communicate better I would have more patience
Explanation:
if I were to communicate better I would have more patience with people it would help me understand other people's thoughts feelings and needs as well if I communicated my own thoughts feelings and needs it builds better relationships
outline two reasons Why Supermarkets are
demanding more fruit.
Answers
Answer:
Health consciousness, Market competition
Explanation:
Here are two possible reasons why supermarkets are demanding more fruit:
Health consciousness: Consumers are increasingly concerned about their health and nutrition, and they are looking for healthier food options. Fruits are widely recognized as a healthy food choice, as they are low in calories and high in vitamins, minerals, and fiber. As a result, supermarkets are responding to this demand by stocking more fruit.
Market competition: Supermarkets are facing stiff competition from other retailers, including specialty grocery stores and online marketplaces. In order to attract and retain customers, supermarkets need to differentiate themselves by offering a wide range of products, including fresh fruits. By offering a larger selection of fruits, supermarkets can appeal to health-conscious consumers who are looking for a one-stop-shop for all their grocery needs.
By 1825, textile mills using power looms (both steam and water) were operating in New England. The earliest and most famous of these in Lowell at first
A) used primarily immigrant labor - men experienced with the machinery in the mills in England.
B) used local farm boys trying to earn enough to settle in the West.
C) used young unmarried farm women, carefully supervised, who had a chance to earn money for their dowries.
D) all of the above are true.
Answers
C) used young unmarried farm women, carefully supervised, who had a chance to earn money for their dowries.The textile mills in Lowell, Massachusetts that emerged in the early 19th century were unique in their use of young unmarried women, predominantly from rural areas, as a primary source of labor.
These women were typically between the ages of 15 and 30, and were recruited to work in the mills through advertisements and personal networks. The mills provided these women with lodging, meals, and a small salary, as well as the opportunity to earn money to save for their eventual marriages and the accompanying dowry.
The working conditions in these mills were closely supervised, and the women were subject to strict codes of conduct and morality. They were required to live in boarding houses run by women who enforced strict curfews and other rules. Despite the restrictions placed on them, many women saw working in the mills as an opportunity to gain financial independence and improve their prospects for marriage. The Lowell mills became a model for the industrialization of textile production, and the use of young, unmarried women as laborers set a precedent for the factory system that would become widespread in the United States.
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the year the volleyball was introduced
Answers
Answer:
The Year was 1895
Hope that helps!
a manager asks a dish washer to rewash dishes after determining that the sanitizing rinse was not properly made. this is an example of which step in active managerial control?
Answers
Elimination of the root causes of non-conformities or other unpleasant events in order to stop them from happening again. Preventive action: A step done, usually as a result of a risk analysis, to stop the occurrence of such non-conformities.
Explain about the corrective action?
The dismissal of the employee shouldn't be the desired result of corrective action. Corrective action should be used instead when a management or employer genuinely wishes to support and nurture progress in the worker.
When root causes have been discovered, corrective efforts are typically started. These actions can involve engineering controls, process modifications, or the usage of personal protective equipment (PPE).
Because there is a problem, corrective action is required. In order to resolve the issue and create a strong plan for the future, problem-solving approaches might be used. The difficulty is that people frequently employ inadequate problem-solving strategies, which results in shaky plans.
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When text is indented in an outline, what does that usually mean?
A.
The indented text is not very important.
B.
The viewer should ignore the indented text.
C.
The speaker should spend more time talking about the indented text.
D.
The indented text supports the main idea above it.
Answers
Answer:
D
Explanation:
its is D because why not ight
Answer:
D. The indented text supports the main idea above it.
Explanation:
Got a 100! This answer was correct.
With the help of online research, write a short report on “glocalization.”
Answers
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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the adjustment for underapplied overhead
Answers
Answer: The adjustment for underapplied overhead increases cost of goods sold and decreases net operating income.
I have to do question A and C for TODAY
someone help me urgent please !!!!
Answers
(A) (1) The Four enterprising characteristics/skills displayed by Emer:
InnovationRisk-takingVisionaryEntrepreneurial thinking(ii) Two methods of encouraging intrapreneurship within the business:
Employee empowerment: Allowing employees to have a say in the decision-making process, delegating tasks and responsibilities, and providing them with the necessary resources to implement their ideas can encourage intrapreneurship.Recognition and reward: Recognizing and rewarding employees for their contributions to the business can encourage them to be more innovative and to take initiative in finding new opportunities for the business.(B) Obligations of Emer as business owner to the various stakeholders in the enterprise:
Customers: Emer has an obligation to provide a quality product and service to her customers. She is also responsible for ensuring that the restaurant is safe and hygienic for her customers.Employees: Emer is responsible for providing her employees with good rates of pay and conditions of work. She also has an obligation to provide her employees with training and development opportunities.Suppliers: Emer has an obligation to source produce from reputable suppliers and to pay her bills in a timely manner.Community: Emer has an obligation to be a responsible member of the community in which her business operates. This includes being a good neighbor and being environmentally friendly.Shareholders: Emer has an obligation to maximize shareholder value and to report financial performance honestly.(C) Evaluation of John Doyle's management skills:
Leadership: John is a great team leader and team builder. He leads by example and is able to delegate work effectively to his employees.Problem-solving: John is able to effectively handle any problems that arise with either staff or customers. He is able to sort out issues quietly and efficiently.Communication: John is able to communicate effectively with his staff and customers. He encourages the employees, through fortnightly meetings, to suggest improvements for the business.Motivation: John is able to motivate his staff and build a loyal team. Many staff members have been promoted to positions of responsibility in the business.What are the characteristics about?Innovation: Emer is constantly trying to improve the restaurant's image, profitability, and range of services that it offers. She and John actively encourage the restaurant's employees to suggest improvements for the business and many ideas have been introduced, such as extending the opening hours to include breakfast and catering for outside parties and special events through the online business.
Risk-taking: Emer invested her savings and took out a long-term loan to purchase a restaurant on the south side of Dublin. She was willing to take the risk of starting her own business and has successfully built a profitable enterprise.
Visionary: Emer recognizes the importance of having a loyal customer base for the long-term success of the business. She is constantly striving to improve the restaurant's image, profitability and the range of services that it offers.
Entrepreneurial thinking: Emer is constantly looking for new opportunities and ways to improve her business. She sees the value of her employees' ideas and actively encourages them to suggest improvements for the business.
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In business terms, what does I.T. stand for?
A. Insurance Trading
B. Independent Theory
C. Item Trading
D. Information Technology
Answers
Extensive research and analysis should be done after a marketing plan is complete.
true
false
Answers
Answer:
True
Explanation:
Showing flaws on the plan would help strengthen weaker areas
What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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Help Pls!!!
Identify two ways households impact the economy?
Identify two ways firms/businesses impact the economy?
Identify two ways government impacts the economy?
Answers
2. They can pay people and make money for the economy.
3. Through fiscal policy, it uses its power to tax and to spend.
Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:
O A. Gross Profit.
OB. Gross Purchases.
O C. Net Income.
OD. Net Loss.
Answers
Answer:
OB. Gross Purchases.
Explanation:
Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns), discounts and allowances received.
Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.
Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.
Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. If she were to order 80 pounds of pepperoni at a time, what would be the average inventory level?
Answers
Answer: 40 pounds
Explanation:
Given the following :
Ordering cost = $10 / order
Carrying cost = 4 cents per pound per day
Cost of pepperoni = $3 per pound
Daily demand = 20 pounds
Order quantity = 80 pounds
Average inventory level at the time in which 80 pounds of pepperoni was ordered is given as
Average inventory level is given as :
Order quantity / 2
80 pounds / 2 = 40 pounds
Pollution has become a significant environmental issue for governments, society, and business; which of the following is NOT true about pollution
Answers
Answer:
government
Explanation:
i don't really understand the options here or do I have to write my own opinion.... but if the options are: government, society and businesses then government is the answer considering that a society can experience pollution (like in our environment) and a business (organization) also can experience pollution like ( air, water pollution) but the government can never experience ENVIRONMENTAL pollution since it's a body governing a state or country and doesn't have anything to do with the environment.
it's okay if those are not the options,pls let me know( this is my first answer)
What is the answer I chose the one I thought was the answer
Answers
Answer: I think that ones the answer too
Answer:
c is
Explanation:
how to write an action plan
Answers
Answer:
to write action plan you need to make an action
: Element Water Sports has 13,000 shares of $1 par value common stock outstanding. Element distributes a 5% stock dividend when the market value of its stock is $15 per share. Requirement: Journalize Element's declaration of the stock dividend on August 15 and distribution on August 31. Problem 2: Discount Furniture, Inc. Completed the following treasury stock transactions in 2018: Dec. 1 Purchased 1,900 shares of the company's $1 par value common stock as treasury stock, paying cash of $5 per share. 15 Sold 200 shares of the treasury stock for cash of $8 per share. Sold 1,000 shares of the treasury stock for cash of $1 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $2,400. ) Requirement: Journalize these transactions. Explanations 20
Answers
On August 15, Element Water Sports declares a 5% stock dividend on its outstanding shares of common stock.
Journal entry on August 15:
Retained Earnings 975 ([$15 × 13,000] × 0.05
Common Stock Dividend Distributable 650 ([$1 × 13,000] × 0.05
Paid-In Capital in Excess of Par - Common 325 ([$15 × 13,000] × 0.05 - [$1 × 13,000] × 0.05)
On August 31, Element Water Sports distributes the stock dividend.
Journal entry on August 31:
Common Stock Dividend Distributable 65Common Stock 650 ([$1 × 13,000] × 0.05)
On December 1, Discount Furniture, Inc. purchases 1,900 shares of its common stock as treasury stock for $5 per share.
Journal entry on December 1:
Treasury Stock 9,500 (1,900 shares × $5)
Cash 9,500
On December 15, Discount Furniture, Inc. sells 200 shares of treasury stock for $8 per share.
Journal entry on December 15:
Cash 1,600 (200 shares × $8)
Treasury Stock 1,000 (200 shares × $5)
Paid-In Capital from Treasury Stock Transactions 600 ([$8 - $5] × 200)
On December 20, Discount Furniture, Inc. sells 1,000 shares of treasury stock for $1 per share.
Journal entry on December 20:
Cash 1,000 (1,000 shares × $1
Treasury Stock 5,000 (1,000 shares × $5)
Paid-In Capital from Treasury Stock Transactions 2,000 ([$5 - $1] × 1,000)
Retained Earnings 2,000 ([$5 - $1] × 1,000)
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